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Drone attack halts oil transit at Russian Ust-Luga port, Bloomberg reports

Thursday, 30 January 2025, 22:49
Drone attack halts oil transit at Russian Ust-Luga port, Bloomberg reports
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Bloomberg reports that oil transit through the Russian port of Ust-Luga on the Baltic Sea has apparently been suspended due to a successful drone strike on a pumping station.

Source: Bloomberg, citing informed sources

Details: A source familiar with the oil supplies told Bloomberg that oil transit to Ust-Luga dropped to zero on 29 January but did not specify the cause. Shipping data reviewed by Bloomberg indicates that a tanker departed the port early on Wednesday, after which there was a gap in its signal transmissions. However, the publication notes that periods of downtime without fuel loading at the port are not uncommon.

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The report indicates that provided the pipeline system supplying Ust-Luga is confirmed to have been hit by the drone attack, it could pose a significant risk to global oil supply.

The agency notes that last year, the port handled approximately 650,000 barrels of oil per day, representing about 20% of Russia's total maritime oil exports. Bloomberg adds that Ust-Luga may have reserve barrels in storage, which could be used to mitigate the impact of any supply disruption.

Background: A source within Ukraine’s defence forces told Ukrainska Pravda that drones operated by ​​Ukraine’s Security Service and Special Operations Forces targeted the Andreapol oil pumping station and a missile arsenal in Russia’s Tver Oblast.

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